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> It's not up to the bank to protect you from your own stupidity. It is their legal obligation to reverse illegitimate transfers. Explicitly for ACH, and there
by brigade 4y ago
> It's not up to the bank to protect you from your own stupidity.
It is their legal obligation to reverse illegitimate transfers. Explicitly for ACH, and there's no good reason they should be exempt from this obligation just because the transfer was via Zelle instead of ACH. Which includes a mistaken recipient or amount, even without any fraud.
- NovemberWhiskey 4y ago>Which includes a mistaken recipient or amount, even without any fraud. You keep saying that; but that's not what Regulation E says.
- smeej 4y agoYou're simply factually wrong about this. The transfer is legitimate if the owner of the account made it, even if they later realize they were stupid to have done so.